Hamilton, Bermuda – (11 December 2023) – GoodBulk Ltd. (the “Company“) (N-OTC: BULK).
Members’ Written Resolution
The board of the Company has on 6 December 2023 proposed to reduce the issued share capital of the Company by reducing the par value of each common share from USD 1.00 to USD 0.01, and to credit (i) USD 20,200,000 of the amount of the reduction to the retained earnings account of the Company and (ii) USD 6,592,384 to the contributed surplus account of the Company. The share capital reduction is subject to the final approval of the shareholders through a Members’ Written Resolution. All investors holding interests in the Company through holding sponsored Norwegian depository receipts (“SNDRs”) issued by Nordic Issuer Services AS (“NIS”) will shortly receive instructions for how to submit their voting instructions to complete the Members’ Written Resolutions for reduction of the Company’s issued share capital.
All SNDR holders who wish to instruct NIS, as record keeper on behalf of the Company and the holders in respect of the SNDRs which are registered in the Euronext Securities Oslo, to sign the Members’ Written Resolutions must complete and sign the received voting instructions form, and return it to NIS at the address set out below no later than 31 December 2023 at 12:00 CEST.
Further information and instructions are included in the cover letter and voting instructions form distributed to all SNDR holders.
Nordic Issuer Services AS
Billingstadsletta 13
1396 Billingstad
Norway
E-mail to: [email protected]
Distribution of treasury shares to certain participants in the management incentive program
Reference is made to the dividend, closure of first investment cycle and second quarter 2023 financial results announcement made on 7 September 2023. The dividend distribution triggered the Company’s obligation to distribute a total of 460,000 treasury shares (to be distributed on or about the date hereof as SNDRs representing the underlying common share) to certain participants in the Company’s existing management incentive program.
Following the distributions, GoodBulk Ltd. will hold a total of 0 treasury shares.
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The full press release can be found here.
For further information, please contact:
John Michael Radziwill
CEO and Chairman
GoodBulk Ltd.
Tel.: + 377 97 98 59 87
Email: [email protected]
